First Federal Savings And Loan Association Of Valdosta Mortgage Rates, Fees & Info

Valdosta, GA

LEI: 54930046UUU8KKVCYD66

Tax ID: 58-0471127

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Mortgage Data

Bank Data

Review & Overview

First Federal Savings And Loan Association Of Valdosta is a smaller mortgage company specializing in Home Purchase and Refi loans. First Federal Savings And Loan Association Of Valdosta has a high proportion of conventional loans. Their top two markets are Valdosta and Atlanta .

First Federal Savings And Loan Association Of Valdosta has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

201

Origination Dollar Volume (All Markets)

$34,295,000

Employee count

45

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
VALDOSTA, GA (FHA|USDA|VA) 196 $33,790,000 $172,398 $0 0.00%
Outside of Metro Areas 4 $260,000 $65,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
First Federal Savings And Loan Association Of Valdosta's top markets include Valdosta and Atlanta among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 201 $34,295,000 $170,622 $0 0.00%

    For 2021, First Federal Savings And Loan Association Of Valdosta's most frequently originated type of loan was Conventional, with 201 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 132 $22,420,000 $169,848 $0 0.00%
    Refi 63 $11,725,000 $186,111 $0 0.00%
    Home Improvement 5 $125,000 $25,000 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2021, First Federal Savings And Loan Association Of Valdosta's most frequently cited loan purpose was Home Purchase, with 132 originations. The 2nd most popular reason was Refi, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 201 $34,295,000 $170,622 $0 0.00%

    For 2021, First Federal Savings And Loan Association Of Valdosta's most frequently cited loan duration was Other, with 201 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 79 $11,705,000 $148,165 $0 0.00%
    $100,000 or less 68 $4,070,000 $59,853 $0 0.00%
    $200k-400k 39 $10,445,000 $267,821 $0 0.00%
    $400k-600k 11 $5,105,000 $464,091 $0 0.00%
    $600k-1MM 4 $2,970,000 $742,500 $0 0.00%

    2021 saw First Federal Savings And Loan Association Of Valdosta place emphasis on $100k-200k loans with 79 originations, totaling $11,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 50 $7,260,000 $145,200 $0 0.00%
    $50k or less 39 $3,755,000 $96,282 $0 0.00%
    $75k-100k 39 $6,425,000 $164,744 $0 0.00%
    $100k-150k 33 $6,615,000 $200,455 $0 0.00%
    $150k-250k 17 $5,695,000 $335,000 $0 0.00%
    $250k+ 4 $2,150,000 $537,500 $0 0.00%

    First Federal Savings And Loan Association Of Valdosta lent most frequently to those with incomes in the $50k-75k range, with 50 originations. The second most popular income band? $50k or less, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 201 $34,295,000 $170,622 $0 0.00%

    First Federal Savings And Loan Association Of Valdosta lent most frequently to those with DTI ratios of Exempt%, with 201 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 122 $22,950,000 $188,115 $0 0.00%
    Black 51 $7,755,000 $152,059 $0 0.00%
    Not applicable 17 $1,965,000 $115,588 $0 0.00%
    Asian 9 $1,105,000 $122,778 $0 0.00%
    Not provided 1 $415,000 $415,000 $0 0.00%
    Korean 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.52%

    First Federal Savings And Loan Association Of Valdosta has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.02%

    First Federal Savings And Loan Association Of Valdosta has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 201 $34,295,000 $170,622

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    201 $34,295,000 $170,622

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Other type of mortgage Trouble during payment process 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Closing on a mortgage 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Incorrect information on your report 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Trouble during payment process 2 28.6%
    First Technology Federal Credit Union FHA mortgage Struggling to pay mortgage 1 14.3%
    First Technology Federal Credit Union Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Federal Savings and Loan Association of Valdosta 2728 North Oak Street Valdosta, GA 31601 Full Service B&M $65,314
    First Federal Savings and Loan Association of Valdosta 411 N Patterson St Valdosta, GA 31601 Full Service B&M $45,104
    First Federal Savings and Loan Association of Valdosta 460 Norman Drive Valdosta, GA 31601 Full Service B&M $14,642
    First Federal Savings and Loan Association of Valdosta 801 Lakes Blvd. Lake Park, GA 31636 Full Service B&M $25,113

    For 2021, First Federal Savings And Loan Association Of Valdosta had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,070
    Net interest income $6,980
    Total noninterest income $769
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $263
    Trading account gains and fees $0
    Additional Noninterest Income $506
    Pre-tax net operating income $239
    Securities gains (or losses, -) $0
    Income before extraordinary items $204
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $204
    Minority interest net income $0
    Net income $204
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $204

    First Federal Savings And Loan Association Of Valdosta's gross interest income from loans was $8,070,000.
    First Federal Savings And Loan Association Of Valdosta's net interest income from loans was $6,980,000.
    First Federal Savings And Loan Association Of Valdosta's fee based income from loans was $263,000.
    First Federal Savings And Loan Association Of Valdosta's net income from loans was $204,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,090
    Provision for credit losses $110
    Total noninterest expense $7,400
    Salaries and employee benefits $4,311
    Premises and equipment expense $696
    Additional noninterest expense $2,393
    Applicable income taxes $35
    Net charge-offs $6
    Cash dividends $0

    First Federal Savings And Loan Association Of Valdosta's interest expense for loans was $1,090,000.
    First Federal Savings And Loan Association Of Valdosta's payroll and benefits expense were $4,311,000.
    First Federal Savings And Loan Association Of Valdosta's property, plant and equipment expenses $696,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $157,735
    Deposits held in domestic offices $157,735
    Deposits by Individuals, partnerships, and corporations $157,735
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $55,550
    Demand deposits $28,779
    Nontransaction accounts $102,185
    Money market deposit accounts (MMDAs) $37,913
    Other savings deposits (excluding MMDAs) $24,730
    Total time deposits $39,541
    Total time and savings deposits $128,956
    Noninterest-bearing deposits $19,180
    Interest-bearing deposits $138,555
    Retail deposits $152,413
    IRAs and Keogh plan accounts $12,352
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $222,134
    Cash & Balances due from depository institutions $48,411
    Interest-bearing balances $46,465
    Total securities $3,151
    Federal funds sold & reverse repurchase $0
    Net loans and leases $157,229
    Loan and leases loss allowance $630
    Trading account assets $0
    Bank premises and fixed assets $2,302
    Other real estate owned $351
    Goodwill and other intangibles $0
    All other assets $10,690

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $222,134
    Total Liabilities $192,754
    Total deposits $157,735
    Interest-bearing deposits $138,555
    Deposits held in domestic offices $157,735
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $30,000
    Subordinated debt $0
    All other liabilities $5,019

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $157,229
    Loan and leases loss allowance $630
    Total loans and leases (domestic) $157,859
    All real estate loans $152,358
    Real estate loans in domestic offices $152,358
    Construction and development loans $12,693
    Residential 1-4 family construction $8,550
    Other construction, all land development and other land $4,143
    Loans secured by nonfarm nonresidential properties $4,906
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $4,906
    Multifamily residential real estate $2,808
    1-4 family residential loans $131,951
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $5,490
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,668
    Other loans to individuals $1,822
    All other loans & leases $11
    Loans to foreign governments and official institutions $0
    Other loans $11
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,568
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First Federal Savings and Loan Association of Valdosta had $157,229,000 of loans outstanding in 2021. $152,358,000 of loans were in real estate loans. $12,693,000 of loans were in development loans. $2,808,000 of loans were in multifamily mortgage loans. $131,951,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $3,668,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 43 $4,906 $114,093
    Nonfarm, nonresidential loans - <$100k 13 $668 $51,385
    Nonfarm, nonresidential loans - $100-250k 24 $2,490 $103,750
    Nonfarm, nonresidential loans - $250k-1MM 6 $1,748 $291,333